Found & Baker Hasselt: what changed
Found & Baker Hasselt
Largest movements
- Cash +€139,779
up €139,779 (+427%), from €32,731 to €172,510
mainly Advances received (+€144,966) and Trade debts (+€92,904)
- Tangible fixed assets -€7,029
down €7,029 (-2.3%), from €308,989 to €301,960
of which Plant, machinery and equipment: -€10,543
- Profit (loss) carried forward -€171,355
down €171,355 (-54.2%), from -€316,355 to -€487,710
- Advances received +€144,966
up €144,966 (+608%), from €23,828 to €168,794
- Trade debts +€92,904
up €92,904 (+92.9%), from €99,968 to €192,871
- Other debts +€90,000
up €90,000 (+26.5%), from €339,985 to €429,985
- Debts after one year -€16,260
down €16,260 (-9.7%), from €167,010 to €150,750
- Gross operating margin +€180,181
up €180,181 (+70.3%), from -€256,363 to -€76,182
- Staff costs +€18,228
up €18,228 (+42.9%), from €42,476 to €60,703
- Depreciation +€13,864
up €13,864 (+122%), from €11,333 to €25,197
- Financial charges +€4,414
up €4,414 (+156%), from €2,823 to €7,237
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,067 | €571,339 | +€137,273 | +31.6% |
| Fixed assets | 21/28 | €308,989 | €301,960 | -€7,029 | -2.3% |
| Tangible fixed assets | 22/27 | €308,989 | €301,960 | -€7,029 | -2.3% |
| Plant, machinery and equipment | 23 | €51,364 | €40,821 | -€10,543 | -20.5% |
| Furniture and vehicles | 24 | €257,625 | €261,138 | +€3,514 | +1.4% |
| Current assets | 29/58 | €125,078 | €269,380 | +€144,302 | +115% |
| Amounts receivable within one year | 40/41 | €89,926 | €94,381 | +€4,455 | +5.0% |
| Trade receivables | 40 | €65,899 | €75,436 | +€9,537 | +14.5% |
| Other amounts receivable | 41 | €24,026 | €18,945 | -€5,081 | -21.1% |
| Cash at bank and in hand | 54/58 | €32,731 | €172,510 | +€139,779 | +427% |
| Deferred charges and accrued income | 490/1 | €2,421 | €2,489 | +€67 | +2.8% |
| Total equity and liabilities | 10/49 | €434,067 | €571,339 | +€137,273 | +31.6% |
| Equity | 10/15 | -€216,355 | -€387,710 | -€171,355 | -79.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,355 | -€487,710 | -€171,355 | -54.2% |
| Amounts payable | 17/49 | €650,421 | €959,049 | +€308,628 | +47.5% |
| Amounts payable after more than one year | 17 | €167,010 | €150,750 | -€16,260 | -9.7% |
| Financial debts | 170/4 | €167,010 | €150,750 | -€16,260 | -9.7% |
| Amounts payable within one year | 42/48 | €483,411 | €808,299 | +€324,888 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €16,990 | €16,260 | -€729 | -4.3% |
| Trade debts | 44 | €99,968 | €192,871 | +€92,904 | +92.9% |
| Suppliers | 440/4 | €99,968 | €192,871 | +€92,904 | +92.9% |
| Advances received on contracts in progress | 46 | €23,828 | €168,794 | +€144,966 | +608% |
| Taxes, remuneration and social security | 45 | €2,641 | €389 | -€2,252 | -85.3% |
| Taxes | 450/3 | €584 | €0 | -€584 | -100% |
| Remuneration and social security | 454/9 | €2,057 | €389 | -€1,668 | -81.1% |
| Other amounts payable | 47/48 | €339,985 | €429,985 | +€90,000 | +26.5% |
| Remuneration, social security and pensions | 62 | €42,476 | €60,703 | +€18,228 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,333 | €25,197 | +€13,864 | +122% |
| Other operating charges | 640/8 | €3,360 | €2,051 | -€1,309 | -39.0% |
| Gross operating margin | 9900 | -€256,363 | -€76,182 | +€180,181 | +70.3% |
| Operating profit (loss) | 9901 | -€313,531 | -€164,133 | +€149,398 | +47.7% |
| Financial income | 75/76B | €0 | €15 | +€15 | +15,020% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +15,020% |
| Financial charges | 65/66B | €2,823 | €7,237 | +€4,414 | +156% |
| Recurring financial charges | 65 | €2,823 | €7,237 | +€4,414 | +156% |
| Profit (loss) for the period before taxes | 9903 | -€316,355 | -€171,355 | +€144,999 | +45.8% |
| Profit (loss) for the period | 9904 | -€316,355 | -€171,355 | +€144,999 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€316,355 | -€171,355 | +€144,999 | +45.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.